Question

Find SP
$C.P=Rs.60$ and loss$=12\frac{1}{2}\%$

Answer 1

Given,

To find out loss or gain $\%$ where, C.P$=$Rs. $60$ & loss $=12\frac{1}{2}\%$

as we know that,

Selling price (S.P)$=Costprice(C.P)\times \left[\frac{100-Loss\%}{\left(100\right)}\right]$

So, here we get,

$S.P=60\times \left[\frac{100-121/2}{100}\right]$

$=60\times \left[\frac{100-12.5}{100}\right]$

$=60\times \frac{87.5}{100}$

$\Rightarrow 3\times 17.5$

$\Rightarrow 52.5$ Rs

$\Rightarrow$ S.P$=52.5$

$\therefore$ Loss $=7.5\%$ on the cost price, as we got selling price as $52.5$ Rs.